Industrial

Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.

Industrial
Biotech firm opens new cell, gene therapy manufacturing center in Allendale

A global life sciences company has opened a new cell and gene therapy manufacturing facility in Allendale, more than doubling its existing capacity in the state.

Professional Services
Sanzari promotes longtime construction manager to director

Alfred Sanzari Enterprises has named a new director of construction, tapping a 13-year veteran of the company to fill the post.

Finance & Capital Markets
JLL inks financing for 11-building portfolio in Raritan Center

Summit Associates has secured financing for an 11-building industrial portfolio in the Raritan Center business park in Edison, under a newly announced transaction by JLL.

Industrial
Sanzari, laboratory company sign 50,000 sq. ft. renewal in Elmwood Park

The nation’s largest specialty laboratory has renewed its lease at an Elmwood Park industrial building, in a newly completed transaction with Alfred Sanzari Enterprises.

Industrial
South Plainfield warehouse trades for $6.2 million, BRC says

A family business has sold its 57,000-square-foot warehouse in South Plainfield, in a nearly $6.2 million transaction arranged by Bussel Realty Corp.

Industrial
NAI Hanson: Fastener business takes 21,000 sq. ft. at Edison industrial building

An industrial fastener business has leased nearly 21,000 square feet of warehouse and distribution space in Edison, brokers with NAI James E. Hanson announced Tuesday.

Event Coverage
Visceglia family, Prism’s Diaz among honorees at upcoming NAIOP gala

One of the state’s best-known commercial real estate families will receive NAIOP New Jersey’s lifetime achievement award this spring, headlining the honorees at the association’s annual gala.

People
Denholtz names new COO, promotes finance executive in key leadership moves

Denholtz Properties has hired a veteran broker and development executive as its new chief operating officer, in one of two new changes to its leadership team.

Professional Services
CBRE industrial broker promoted to senior vice president

A rising industrial broker with CBRE has earned a promotion, the firm said, touting him as one of the youngest industry professionals in New Jersey to be named a senior vice president.

Industrial
E-commerce train rolls on as industrial owners, brokers prepare for a roaring 2020

The economic engine powering the New Jersey industrial real estate market will continue to be the rapidly transforming retail sector, driven primarily by relentlessly rising demand from consumers for rapid home delivery of purchases, whether from online retailers or traditional but restructured brick-and-mortar retailers.